BIEC: Slower improvement on labor market

The forward-looking labor market indicator, calculated by the Bureau for Investments and Economic Cycles (BIEC) has been declining for a year, according to a report from the institution quoted by the Polish Press Agency. Over the past months the rate of decline has slowed down over the past months, BIEC said. This means that the observed improvement on the job market is more influenced by seasonal factors that by the economic cycle. Nevertheless, we may expect further improvement on the labor market in the coming months, with the unemployment rate declining, BIEC analysts added.